Is Life Insurance Expensive

The perceived cost of Life Insurance

In the 2015 Insurance Barometer Study, those with no life insurance believe it is three times more expensive than it actually is. This perception about the expensive nature is the main reason why only 62% of Americans currently have life insurance. People believe this perception without taking the time to check out the real cost of life insurance and finding out for themselves how inexpensive life insurance can be.

Save money and live forever

Sadly unless you possess the deathly hallows this won’t happen. It is a fact that some people put off the purchase of life insurance as they can’t face the truth that we all have to die sometime. This may come sooner or later, but it does come. Putting off for tomorrow something you can do today is a way of life for many people. But what happens if tomorrow never comes? If you have put off the purchase of life cover either as term life or permanent life and you don’t make it to the following day, then your families will be left not only to grieve but also to cope with the financial challenges of losing your income or pension. Sometimes it is not good practice to keep putting it off!

Is Group Life Insurance the answer?

Maybe if you are protected through your policy at work. Currently 4 in 10 married couples only have this type of policy in effect. Remember this policy is only effective if it is in force and you are employed with the company. If you have been laid off or have changed jobs to a new employer who doesn’t have this benefit you are not covered.

Affordable Online Life Insurance

The best way to put paid to the myth that life insurance is expensive is to see for your self. Obtain some quotes, but make sure you get at least three in order to compare the costs in order to obtain the cheapest premium. There are no phone calls and unwanted contact. Just cheap premiums based on your zip code.